Cryptocurrency

The restaking gold rush is over, and top protocols are barely making a profit

The True Post icon
By The True Post
No Comments
The restaking gold rush is over, and top protocols are barely making a profit

As restaking yields dried up and smart-contract risks mounted, Ethereum’s top liquid restaking protocol walked away from its core business to build a crypto neobank instead.

Source: CoinDesk

TAGGED:
Share This Article
The True Post icon
ByThe True Post
The newsroom of The True Post.
Leave a Comment

Related Stories

Uncover the stories that related to the post!
Institutions held crypto through 50% drawdown, Bitwise finds
Cryptocurrency

Institutions held crypto through 50% drawdown, Bitwise finds

SoFi tie-up shows stablecoins can provide alternative blockchain settlement rail
Cryptocurrency

SoFi tie-up shows stablecoins can provide alternative blockchain settlement rail

Kraken’s parent Payward is betting billions on becoming financial infrastructure, not just a crypto exchange
Cryptocurrency

Kraken’s parent Payward is betting billions on becoming financial infrastructure, not just a crypto exchange

Bitmine bought $75 million ether as Tom Lee says institutions are still underweight crypto
Cryptocurrency

Bitmine bought $75 million ether as Tom Lee says institutions are still underweight crypto

Bitcoin, Ethereum ETFs Grew $23 Billion Last Week—Only $2.6 Billion Was New Money
Cryptocurrency

Bitcoin, Ethereum ETFs Grew $23 Billion Last Week—Only $2.6 Billion Was New Money

Animoca puts Currenc merger on ice, delaying its Nasdaq debut
Cryptocurrency

Animoca puts Currenc merger on ice, delaying its Nasdaq debut

DoubleZero brings dedicated fiber market data to Hyperliquid traders
Cryptocurrency

DoubleZero brings dedicated fiber market data to Hyperliquid traders

New Solana vote could ramp daily SOL burns to $800,000 and slow new token creation
Cryptocurrency

New Solana vote could ramp daily SOL burns to $800,000 and slow new token creation

Show More